AMYRIS : Announces Plans to Expand into Asia and Global Surfactants Though Collaboration with Wilmar, One of World's Leading Agribusiness Groups
06/16/2011| 08:15am US/Eastern
Inc. (NASDAQ: AMRS), a leading developer of integrated renewable
products, today announced that it plans to establish a collaboration
with Wilmar International Limited. The collaboration will focus on the
development and worldwide commercialization of a family of surfactants
derived from Amyris Biofene? for use in a range of products, including
consumer packaged goods, personal care products and industrial
applications. The parties expect that these surfactants will be
effective replacements for nonylphenol ethoxylate surfactants (NPEs),
the use of which is currently being phased out or severely restricted by
regulatory agencies around the world due to health and environmental
concerns. The current market for NPEs exceeds $1 billion per year.
The plans for the collaboration contemplate that the parties will engage
in a feasibility study to complete the technical development of the
surfactants, engage in testing activities to validate product
performance and customer acceptance and secure necessary regulatory
approvals for manufacture and sale of the products. Upon completion of
the feasibility study and subject to the execution of definitive
agreements, Amyris and Wilmar anticipate forming a joint venture entity,
through which they would manufacture the products to be marketed by
Wilmar through its established channels. The joint venture may produce
its own Biofene for captive use.
"This collaboration represents an important step in the additional
geographic diversification of our renewable products business," said
Amyris CEO John Melo. "Wilmar is the leading agribusiness group in Asia.
Its integrated business model, rapid growth mode and Asian presence and
distribution footprint combined with our breakthrough technology will
provide a powerful platform for capturing a portion of the large global
About Amyris, Inc.
is an integrated renewable products company focused on providing
sustainable alternatives to a broad range of petroleum-sourced products.
Amyris uses its industrial synthetic biology platform to convert plant
sugars into a variety of hydrocarbon molecules - flexible building
blocks which can be used in a wide range of products. Amyris is
commercializing these products both as No Compromise® renewable
ingredients in cosmetics, flavors and fragrances, polymers, lubricants
and consumer products, and also as No Compromise renewable diesel and
jet fuel. Amyris Brasil S.A., a subsidiary of Amyris, oversees the
establishment and expansion of Amyris's production in Brazil. Amyris
also has fuel distribution capabilities in the United States through its
subsidiary, Amyris Fuels, LLC. More information about Amyris is
available at www.amyris.com.
About Wilmar International Limited
Wilmar International Limited, founded in 1991, is today Asia's leading
agribusiness group. Wilmar is ranked among the largest listed companies
by market capitalisation on the Singapore Exchange.
Wilmar's business activities include oil palm cultivation, oilseeds
crushing, edible oils refining, sugar, specialty fats, oleochemicals and
biodiesel manufacturing and grains processing. Headquartered in
Singapore, Wilmar has over 300 manufacturing plants and an extensive
distribution network covering China, India, Indonesia and some 50 other
countries to support a well-established processing and merchandising
business. Wilmar also manufactures and distributes fertilisers and owns
a fleet of vessels. The Group is backed by a multi-national staff force
of about 88,000 people.
Over the years, Wilmar has established a resilient, integrated
agribusiness model that captures the entire value chain of the
agricultural commodity processing business, from origination and
processing to the branding, merchandising and distribution of a wide
range of agricultural products. Wilmar is a leader in the supply of
high-quality processed agricultural products to the food manufacturing
industry, industrial and consumer food catering businesses and has
strong leadership positions in consumer-packed products in its targeted
markets. Through scale, integration and the logistical advantages of its
business model, Wilmar is able to extract margins at every step of the
value chain, resulting in significant operational synergies and cost
For more information about Wilmar, please visit www.wilmar-international.com.
This release contains forward-looking statements, and any statements
other than statements of historical facts could be deemed to be
forward-looking statements. These forward-looking statements include,
among other things, statements regarding future events (such as Amyris's
relationship with Wilmar, the parties' ability to successfully develop
and commercialize surfactant products, and the expectation that such
products will be effective substitutes for NPEs) that involve risks and
uncertainties. These statements are based on management's current
expectations and actual results and future events may differ materially
due to risks and uncertainties, including those associated with any
delays or failures in development, production or commercialization of
products, our reliance on third parties to achieve our goals, and other
risks detailed in the "Risk Factors" sections of Amyris's annual report
on Form 10-K filed on March 14, 2011 and quarterly report on Form 10-Q
filed May 11, 2011. Amyris disclaims any obligation to update
information contained in these forward-looking statements whether as a
result of new information, future events, or otherwise.
Amyris, No Compromise and Biofene are trademarks or registered
trademarks of Amyris, Inc.
Merrill Freund or Alison Mickey,
© Business Wire 2011